Inpex (OTCMKTS:IPXHY) Shares Gap Up – Should You Buy?
by Amy Steele · The Cerbat GemInpex Corp. (OTCMKTS:IPXHY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $22.99, but opened at $23.79. Inpex shares last traded at $23.30, with a volume of 4,934 shares traded.
Inpex Price Performance
The company has a market capitalization of $27.68 billion, a PE ratio of 9.80 and a beta of 0.21. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $24.04 and its 200-day moving average is $23.95.
About Inpex
INPEX Corporation is a Japanese energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its activities include crude oil, natural gas and liquefied natural gas (LNG) projects, with a focus on developing energy resources and supplying them to customers in Japan and international markets.
The company has operations and investments across several regions, including Japan, Australia, Indonesia and the United Arab Emirates. Its major projects include the Ichthys LNG project in Australia, which produces LNG, liquefied petroleum gas and condensate, as well as oil and gas developments in Indonesia and the UAE.